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iPSL Case Study

Read on to learn why UK’s largest provider of outsourced payment-processing services chose Vena over major competitors.

Intelligent Processing Solutions Limited (iPSL) is one of the UK’s largest provider of outsourced payment-processing services to banks. They are the UK Business Process Outsourcing joint venture (BPO) between Unisys, Barclays, HSBC & Lloyds Banking Group and have a face value of approximately £700 billion per year and process 5 million cheques per day.

In addition to holding 70% of the UK check-processing market, they have expanded their portfolio of operations to include fraud detection, account services, image retrieval and storage, and consulting services.

iPSL was in the CPM market looking for a solution that would streamline their forecasting, planning, allocations, and management reporting processes. For 17 years this company was inefficiently managing the distribution and collection of their Excel spreadsheets. They suffered from a lack of data aggregation and validation rules, as well as a lack of workflow approval. They also needed the solution they chose to help them automate the process for meeting compliance rules for external reporting purposes. Ultimately Vena was selected over solutions from Oracle, SAP and IBM, because the company felt Vena met all of their needs and would be the easiest solution to own and maintain.